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July 15 2020 11.24am

Calling any lefty economists ...

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View Stirlingsays's Profile Stirlingsays Flag 24 May 20 10.45pm Send a Private Message to Stirlingsays Holmesdale Online Elite Member Add Stirlingsays as a friend

Originally posted by Tom-the-eagle

Iíd agree with all the above. Last sentence particularly.

I believe these to all be factors which add to the demand. Whilst Iím not disagreeing with you regarding your figures on immigration, I am dubious. In some parts of London itís as if every other person has arrived in the last 20 years and the white working class have all left.

Half my tenants are Eastern European.

As for your sentence regarding women now earning proper wages, well we should never have given them the f@cking vote

Amen.

 

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View BlueJay's Profile BlueJay Flag UK 24 May 20 10.55pm Send a Private Message to BlueJay Add BlueJay as a friend

Originally posted by Tom-the-eagle

Iíd agree with all the above. Last sentence particularly.

I believe these to all be factors which add to the demand. Whilst Iím not disagreeing with you regarding your figures on immigration, I am dubious. In some parts of London itís as if every other person has arrived in the last 20 years and the white working class have all left.

Half my tenants are Eastern European.

As for your sentence regarding women now earning proper wages, well we should never have given them the f@cking vote

It's a funny old world because half of your tenants being Eastern European is indicative of the white working class both leaving and arriving!

 

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View jeeagles's Profile jeeagles Flag 24 May 20 11.11pm Send a Private Message to jeeagles Add jeeagles as a friend

In terms of residential properties, most rented properties are owned by people who own one or two houses as a nest egg. The slow down in house prices since the referendum certainly shows that migration does have an impact but it's not that great.

When bar jobs and saturday jobs traditionally undertaken by teenages living with their mum and dad started to get dominated by migrant works, then it was bound to put a strain on the housing stock.

However, we also weren't building enough and our planning system, labour costs, and an insecure market for the last decade has put this off.

That said under Labour's 3 terms in power it became increadibly easy to rent second homes and changing policy would have been a very unpopular move.

The Tories have made minor changes to the rental sector, such as thresholded of £0 and an increased stamp duty on second homes, but that's more likely to protect the interest of the status quo.

If you try and add direct taxes onto the rich, then they will find a way around it. However, indirect taxes are probably the best way around that, such as increased VAT on luxery goods. Want to buy a super car, the government will tax you 50%. An easy way of getting money off people.

Commercial property is far more likely to be owned by the mega rich. They earn money off everyone, for pretty much doing nothing. A lot of companies are likely to refuse to pay rent and landlords will probably have to accept that, but you can be almost certain companies wont pass this saving on.

Many of the big property owners are trust/pension funds. If the pension fund goes under than it will end up affecting the poor most.

Having said that, a lot of big investers in UK property have been coming from abroad, particularly Russia and China. The government should put in embargo's to protect its own people. Especially with China, they stopped all domestic flights but still let people leave the country on international flights with Coronavirus.

 

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View Stirlingsays's Profile Stirlingsays Flag 24 May 20 11.21pm Send a Private Message to Stirlingsays Holmesdale Online Elite Member Add Stirlingsays as a friend

Originally posted by BlueJay

It's a funny old world because half of your tenants being Eastern European is indicative of the white working class both leaving and arriving!


Yeah as funny as dental surgery.

Edited by Stirlingsays (24 May 2020 11.22pm)

 

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View BlueJay's Profile BlueJay Flag UK 24 May 20 11.31pm Send a Private Message to BlueJay Add BlueJay as a friend

Originally posted by Stirlingsays


Yeah as funny as dental surgery.

Edited by Stirlingsays (24 May 2020 11.22pm)

Funny as in curious and unusual rather than hilarious

 

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View Matov's Profile Matov Online Flag 24 May 20 11.38pm Send a Private Message to Matov Add Matov as a friend

Originally posted by ex hibitionist

I realise there could be some dramatic destructive domino effect to do with banks and lenders, but is there a way of changing property rights that might damage the 'debt engine' but help the majority. I might be better off on another forum, but I've read enough on here to see some posters might have a constructive suggestion.

I guess a Government could essentially replace the banks/Buidling societies by taking over as the lender and then allow people to benefit from the BOE lending rate.

Even offer to suspend mortgages altogether in exchange for the property once the owners die so that more housing stock falls into public ownership.

In terms of leaseholds, then there is a lot of tinkering that could take place (and might well be overdue anyway).

The key to any market is scarcity and by opening up planning regulations for social housing a left-wing Government could effectively dilute the private rental market to such an extent that rents tumble. Essentially look to outcompete the private market.

That is what happened initially with the great public housing building boom of the 50's and 60's whereby local authorities sort to replace private landlords. In fact the decline of people actually paying rent for Council flats as opposed to those on housing benefits is one of the best indicators of how the role of the state changed in terms of being a social housing provider.

My Grandfather for example actually sold his house and moved into a council flat because he believed that no real socialist should own their own home. Council housing was seen as a real positive step forward. Something to be proud of living in.

 

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View Stirlingsays's Profile Stirlingsays Flag 24 May 20 11.57pm Send a Private Message to Stirlingsays Holmesdale Online Elite Member Add Stirlingsays as a friend

Originally posted by BlueJay

Funny as in curious and unusual rather than hilarious

I find you regarding it as curious and unusual.....also curious and unusual.

Edited by Stirlingsays (24 May 2020 11.57pm)

 

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View BlueJay's Profile BlueJay Flag UK 25 May 20 12.04am Send a Private Message to BlueJay Add BlueJay as a friend

Originally posted by Stirlingsays

I find you regarding it as curious and unusual.....also curious and unusual.

Edited by Stirlingsays (24 May 2020 11.57pm)

You'll have to take this up with Patryk the Plumber..

 

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View Stirlingsays's Profile Stirlingsays Flag 25 May 20 12.18am Send a Private Message to Stirlingsays Holmesdale Online Elite Member Add Stirlingsays as a friend

Originally posted by BlueJay

You'll have to take this up with Patryk the Plumber..

How curious and unusual.

 

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View BlueJay's Profile BlueJay Flag UK 25 May 20 12.27am Send a Private Message to BlueJay Add BlueJay as a friend

Originally posted by Stirlingsays

How curious and unusual.

or Bartek the Builder

 

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View Stirlingsays's Profile Stirlingsays Flag 25 May 20 1.11am Send a Private Message to Stirlingsays Holmesdale Online Elite Member Add Stirlingsays as a friend

Originally posted by BlueJay

or Bartek the Builder

Poor old Bob.

Abandoned....Still, serves the barsteward right for wanting a proper living.

Edited by Stirlingsays (25 May 2020 1.11am)

 

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View BlueJay's Profile BlueJay Flag UK 25 May 20 1.19am Send a Private Message to BlueJay Add BlueJay as a friend

Originally posted by Stirlingsays

Poor old Bob.

Abandoned....Still, serves the barsteward right for wanting a proper living.

Edited by Stirlingsays (25 May 2020 1.11am)

Undercut by foreign workers one minute, poleaxed by pandemic policy the next. 2020 is shaping up to be pretty sh!t for the working man. They will be the first to go under at a time like this too, whereas the big players and corporations will hang on and bounce back, cutting themselves a further slice of a pie they're already gorging themselves on.

 

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